Stoppage of fuel supplies due to shortage of funds: Air India Chairman Lohani

ANI

Published Aug 25, 2019, 3:57 pm IST

Updated Aug 25, 2019, 3:57 pm IST

‘It is because of overall shortage of funds, doesn't reflect on operational performance and recent efforts of airline,’ Ashwani Lohani said.

‘Oil marketing companies (OMCs) led by Indian Oil have stopped jet fuel supply at six airports,’ Air India Spokesperson Dhananjay Kumar had earlier said in a statement. (Photo: ANI)

New Delhi: The Chairman and Managing Director of Air India, Ashwani Lohani on Sunday said that stoppage of fuel supplies at six airports from Oil Marketing Companies (OMCs) is because of an overall shortage of funds.

"It is because of an overall shortage of funds but doesn't reflect on the operational performance and recent efforts of the airline," Lohani said.

"Oil marketing companies (OMCs) led by Indian Oil have stopped jet fuel supply at six airports," Air India Spokesperson Dhananjay Kumar had earlier said in a statement.

Kumar said Air India cannot handle huge debt service liabilities in the absence of equity support. "This fiscal our financial performance is very good and we are moving towards healthy operating profit. Airline despite legacy issues is performing very well," he had maintained.